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Including Iraq... An increase in exports of used American cars to 3 Arab countries
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Economy News - follow up
Exports of used American cars to the countries of Iraq, Jordan, and the Emirates increased to reach 25 thousand cars in February 2024, which is the highest over the past year, while
Exports of American used cars to Iraq rose directly to exceed the 2,000 car mark per month for the first time.
According to economic expert Manar Al-Obaidi, “Exports of used American cars to Jordan rose to reach 2,137 cars in February 2024.”
He added, "The largest market for used American cars was the United Arab Emirates, as the number of used American cars exported to the Emirates reached 21,000 cars during the month of February 2024."
Most of the American cars exported are re-exported to "the Emirates, Jordan and Iraq after being re-maintained and repaired, and the markets of these countries depend mainly on Iraq to export these cars."
Al-Obaidi expected that "the size of the American used car market to Iraq from these countries will reach between 15 and 20 thousand cars per month."
The economic expert attributed the reasons for the high demand for used American cars to "the low value of customs tariffs in Iraq in addition to the low fuel prices compared to other countries, which increases the amount of demand for American cars known for their high fuel consumption."
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Added 04/16/2024 - 8:56 AM
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Economy News - follow up
Exports of used American cars to the countries of Iraq, Jordan, and the Emirates increased to reach 25 thousand cars in February 2024, which is the highest over the past year, while
Exports of American used cars to Iraq rose directly to exceed the 2,000 car mark per month for the first time.
According to economic expert Manar Al-Obaidi, “Exports of used American cars to Jordan rose to reach 2,137 cars in February 2024.”
He added, "The largest market for used American cars was the United Arab Emirates, as the number of used American cars exported to the Emirates reached 21,000 cars during the month of February 2024."
Most of the American cars exported are re-exported to "the Emirates, Jordan and Iraq after being re-maintained and repaired, and the markets of these countries depend mainly on Iraq to export these cars."
Al-Obaidi expected that "the size of the American used car market to Iraq from these countries will reach between 15 and 20 thousand cars per month."
The economic expert attributed the reasons for the high demand for used American cars to "the low value of customs tariffs in Iraq in addition to the low fuel prices compared to other countries, which increases the amount of demand for American cars known for their high fuel consumption."
Views 93
Added 04/16/2024 - 8:56 AM
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